Press Releases
By Steven Anderson
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Several people from across the world are invested in Bitcoin and cryptocurrency. Will the cryptocurrencies be ever considered mainstream?
2 / 14
Financial institutions are not comfortable exposing themselves to the different risks they can see in the cryptocurrency market.
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Several institutions are interested in stepping into the market; however, "But they were very concerned about the associations between virtual currency and criminal activity."
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Cryptocurrency is considered by many as a new investment class providing for entrepreneurial opportunity.
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Financial institutions that are offering cryptocurrency services are not interested in falling foul to regulators and law enforcement.
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Dr. Robinson opined, “That’s especially true after the 2017 Bitcoin bubble - even taxi drivers were talking about that. Banks wanted to give their clients access to crypto-assets.
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The trend these days is that one needs not to go to a bank to execute a transaction, and in some cases, one will be able to create one.
8 / 14
Even if entrepreneurial companies like Libra would fail, chances are high for similar companies to come up.
9 / 14
Ultimately, the entrepreneurial market will be dominated by big players from the digital security market.
10 / 14
Peter Schiff, the Gold Investor, stated, "Privately issued cryptocurrencies, backed by real assets, would represent a major improvement over our current system of national fiat…
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Schiff refers to Libra as a privately issued cryptocurrency, and in the current scenario, it is not clear if the Libra will ever get off the ground.
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As opposed to creating a currency that will be backed by a basket of different cryptocurrencies, Zuckerberg et al.
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Recently Peter Schiff commented about the Trump administration as being the primary reason leading to the current state of the US economy.
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Thus it is seen that even hardcore critics support the view that the cryptocurrencies are here to stay.
The Currency Analytics
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